Google Inc. has filed a Form 8-K with the SEC that Eric Schmidt, Google’s Executive Chairman of the Board of Directors, as part of a pre-arranged trading plan, intends to sell up to approximately 2.4 million shares of Class A common stock in Google Inc.

Google (GOOG) closed today at $604.64, at which price, Schmidt’s 2.4 million shares are worth over $1.45 billion
Assuming all shares are sold under the trading plan, Schmidt would own approximately 6.7 million shares, which would represent approximately 2.1% of Google’s outstanding capital stock and approximately 7.3% of the voting power of Google’s outstanding capital stock.

As of December 31, 2011, Schmidt owned approximately 9.1 million shares of Class A and Class B common stock, which represented approximately 2.8% of Google’s outstanding capital stock and approximately 9.7% of the voting power of Google’s outstanding capital stock.

MacDailyNews Take: Has Eric T. Mole seen some writing on the tunnel wall?

One thing’s for sure, $1.45 billion can support quite the subterranean lifestyle.

[Thanks to MacDailyNews readers too numerous to mention individually for the heads up.]